NAFTA is a trade agreement that was signed by the United States, Canada, and Mexico in 1994. It eliminated most tariffs on goods traded between these countries to encourage economic integration.
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Tariffs : These are taxes imposed on imported goods. They make foreign products more expensive which can help protect domestic industries from competition.
Economic Integration : This is when different economies become more interdependent through the removal of trade barriers like tariffs.
Free Trade : This is international trade left to its natural course without tariffs, quotas, or other restrictions.